Wells Fargo shows relative weakness

Even though the S&P 500 is up sharply over the last four weeks, Wells Fargo (WFC) is just flat and shows relative weakness. After a surge the first few days of November, WFC traded flat with a small triangle. Watch this neutral pattern for clues on the future. An upside breakout would be bullish, but a downside break would be bearish.


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Comments

[Jason Johnson]

Very true... great insight on this lagging stock. Watch and see in the days ahead (or week).